Leading providers of investment research, business and IP research and company valuation services
Nifty Outlook for 02 February 2012 The Nifty opened marginally lower and tested an intraday low of 5,159 in the first half of the trade. However, it recouped early losses to end above its 200-day SMA at 5,235.70. Firm European cues, led index to close at their 12-week high on Wednesday. On daily charts, the Nifty [...]
Nifty Outlook for 27 January 2012 The Nifty opened flat with a positive bias following positive cues from other Asian markets. It ended the day 31 points, or 0.60%, higher at 5,158.30.On daily charts, it ended in a candlestick pattern that resembles like a spinning top, which suggest indecision at the current level and buyers [...]
Nifty Outlook for 25 January 2012 The Nifty opened relatively flat with a positive bias. It gained momentum and the Nifty posted a high of 5,141 after the CRR cut by the RBI. It ended the day 81 points, or 1.61%, higher at 5,127.35. During the next trading session, the index is likely to face [...]
Nifty Outlook for 23 January 2012 Last week, Nifty opened on a quiet note and traded with positive bias for most part of the week. On week on week basis, the index rose 3.75%. The Nifty witnessed a strong intra-week rally and moved towards the expected level of 5,000 levels. On daily charts, it ended [...]
Nifty Outlook for 12 January 2012 The Nifty tested an intraday high of 4,877 and traded in a narrow range during the day. As stated in the previous report, the Nifty tested the 61.8% retracement level. On daily charts, the Nifty faced resistance at its 50-day SMA. It ended in a doji candlestick formation near [...]
Nifty Outlook for 12 December 2011 The Nifty tested a low of 4,841, thereby breaking its gap-up support around 4,918. The index finally ended the day with a loss of 1.56%% at 4,866.70. We have seen a perfect retracement action on the Nifty daily charts. This level also coincides with the 100-day SMA. The Nifty [...]
Nifty Outlook for 05 December 2011 The Nifty snapped its four-week losing streak with a 7.2 per cent surge to 5,050. According to the Fibonacci retracement theory, the Nifty has retraced more than 50 per cent of its recent fall. The next resistance could be around 5,109 levels which is the 61.8 per cent retracement [...]
Nifty Outlook for 02 December 2011 The Nifty witnessed the sharp pull back rally and tested an intraday high of 5,012. However, it ended off day’s high as traders booked profit near the resistance levels. On daily charts, the Nifty is facing resistance at 50% retracement level of 5,400 to 4,639. This level also coincides [...]
Nifty Outlook for 16 November 2011 The Nifty opened at 5,121 and traded in a narrow range in the first part of the trading session. As mentioned in the previous report, the Nifty tested the 50% retracement level in the last hour of the trade. On daily charts, the Nifty ended near its 50-day SMA. [...]
Nifty Outlook for 09 November 2011 The Nifty opened higher but failed to sustain at higher levels and tested an intraday low of 5,252. However, the Nifty recovered in the late trade to close the day with moderate gains. SBI gained 1.7% ahead of second quarter numbers tomorrow and helped the market to recoup some [...]
